(Persia Digest) - Iranian Foreign Minister Mohammad Javad Zarif said on Monday that the 25-year-old comprehensive agreement with China is just a proposal and no agreement has been signed to that effect.

IRNA reports that speaking in an exclusive interview with IRNA, Zarif rejected the speculations with regard to Iran-China 25-year agreement and that Iran awarded special privileges to China.

The UK magazine, 'Petroleum Economist', has raised such a speculation that Zarif in his meeting with his Chinese counterpart Wang Li had presented a road map for the China-Iran comprehensive economic partnership signed in 2016.

"China will also be able to buy any and all oil, gas and petrochemical products at a minimum guaranteed discount of 12pc to the six-month rolling mean price of comparable benchmark products, plus another 6pc to 8pc of that metric for risk-adjusted compensation," it added.